IDT Co. (NYSE:IDT) to Issue $0.05 Dividend

IDT Co. (NYSE:IDT) declared a dividend on Thursday, December 19th,investing.com reports. Investors of record on Tuesday, December 24th will be paid a dividend of 0.05 per share by the utilities provider on Tuesday, December 31st. This represents a yield of 0.42%. The ex-dividend date is Monday, December 23rd.

IDT Price Performance

Shares of IDT stock opened at $48.08 on Friday. The company has a market cap of $1.21 billion, a PE ratio of 16.47 and a beta of 0.78. The firm has a fifty day moving average price of $49.29 and a two-hundred day moving average price of $41.54. IDT has a fifty-two week low of $32.08 and a fifty-two week high of $58.77.

IDT (NYSE:IDT) last released its earnings results on Tuesday, October 8th. The utilities provider reported $0.51 earnings per share for the quarter. IDT had a net margin of 6.10% and a return on equity of 22.18%. The business had revenue of $308.83 million during the quarter.

Insider Transactions at IDT

In related news, CFO Marcelo Fischer sold 600 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $48.57, for a total value of $29,142.00. Following the completion of the transaction, the chief financial officer now owns 37,573 shares of the company’s stock, valued at $1,824,920.61. This represents a 1.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Nadine Shea sold 1,000 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $53.74, for a total transaction of $53,740.00. Following the transaction, the executive vice president now owns 4,775 shares of the company’s stock, valued at approximately $256,608.50. This represents a 17.32 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,582 shares of company stock valued at $1,686,308. 25.32% of the stock is owned by corporate insiders.

About IDT

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.